Plus Products Inc. (CSE: PLUS) has announced this week that the company has raised a total of CAD$20,000,002 million via a initial public offering (IPO) selling 6,153,847 subordinate voting shares of the company at $3.25 per share.
This week also marks the launch of the company’s common stock on the Canadian Securities Exchange (CSE). Plus Products will be trading under the ticker symbol PLUS. Though going public on the CSE, Plus Products manufactures and distributes cannabis infused edibles out the U.S. state of California.
Their company distributes to both the medicinal and recreational cannabis markets and has become a well-known brand throughout the industry. The company is most well known for their THC & CBD infused gummies which come in a variety of flavors such as blackberry & lemon, sour watermelon, pineapple & coconut, and sour blueberry. Their team consists of Michelin-star chefs, Ivy League Chemists, Food Manufacturing Experts, Engineers, Machinists, Visionaries, Creatives and Strategists.
Jake Heimark, the company’s CEO, gave this statement in the press release.
“We are deeply appreciative to have received robust demand and to close the books on our initial public offering. I would like to personally thank the many people that worked diligently to help build Plus Products into the company it is today. Our goal is to continue to be a leader in California’s regulated cannabis industry and to add value to our shareholders over the long term.”